Red Mapping

jimhelm · 10-10-2011, 02:54 PM

I didn't read the thread, because it smacks of politics.

There is something called Red Lining in lending..... where if you live in a bad neighborhood, the buyers look harder at the deal. It's technically illegal... like racial profiling... but I think it happens if it's a local bank sometimes.

Like... an applicant in Camden, might be less likely to get approved than one in Merchantville if it's a close thing.

10-10-2011, 02:54 PM	#19
jimhelm a beautiful fool Join Date: Sep 2010 Location: 39.939705 Posts: 4,504	I didn't read the thread, because it smacks of politics. There is something called Red Lining in lending..... where if you live in a bad neighborhood, the buyers look harder at the deal. It's technically illegal... like racial profiling... but I think it happens if it's a local bank sometimes. Like... an applicant in Camden, might be less likely to get approved than one in Merchantville if it's a close thing. __________________ There's a Shadow just behind me. Shrouding every step I take. Making every promise empty, pointing every finger at me. _tool

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